MarketFriction

Angel One Ltd

NSE ANGELONE · BSE 543235 · Stockbroking & Allied
₹276.80 +1.02%
NSE close2026-10-01
52 week range208.63 - 360.45
Market cap₹25,014 Cr.
P/E24.2
Results 15-10 Nifty 500Nifty Smallcap 50Nifty Smallcap 100Smallcap 250 No price band Delivery 34.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,0481,0591,3571,4051,5151,2621,0561,1411,2021,3351,4591,430
Expenses605661827935843766713866786806861945
Operating Profit443398530470672496343275415529599485
OPM %42%38%39%33%44%39%32%24%35%40%41%34%
Other Income121512232384
Interest263656567584808393127134129
Depreciation111317232627293031323335
Profit before tax407351459397572387236164294373440325
Tax %25%26%26%26%26%27%26%30%28%28%27%29%
Net Profit304260340293423281175114212269320231
EPS in Rs3.633.104.053.254.703.121.931.262.332.963.522.53
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4514407707787481,2892,2923,0024,2725,2395,1385,426
Expenses3624375165755708281,3661,7082,5793,2563,3183,398
Operating Profit9032542031784609261,2941,6931,9831,8202,028
OPM %20%0.7%33%26%24%36%40%43%40%38%35%37%
Other Income111121411710518781517
Interest3654957050427691137296438483
Depreciation131415202118193050103125130
Profit before tax52481591241144108361,1921,5141,5921,2721,432
Tax %39%35%32%36%28%28%25%25%26%26%28%
Net Profit323110880822976258901,1261,1729151,032
EPS in Rs2.212.161.501.111.143.637.5410.6713.4012.9810.0511.34
Dividend Payout %25%31%91%24%24%35%36%37%26%37%246%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth28%32%20%9%
Compounded Profit Growth40%25%1%4%
Stock Price CAGR%14%14%28%
Return on Equity28%29%25%16%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital141414727272828383849091
Reserves3323553754034595191,0491,5022,0782,9555,5316,027
Borrowings3333587721,1258724911,1711,2587882,5413,4147,951
Other Liabilities2954116417678051,1082,5114,3784,5287,6747,8539,835
Total Liabilities9741,1391,8032,3672,2092,1904,8147,2207,47813,25416,88923,904
Fixed Assets121122123116134124115152187409499505
CWIP131012012621410
Investments0050615356191090202257
Other Assets8521,0141,6302,2462,0592,0294,6937,0377,12012,84416,18423,132
Total Assets9741,1391,8032,3672,2092,1904,8147,2207,47813,25416,88923,904
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity11-77-210-309689643-1,199558804-330-1,860-4,142
Cash from Investing Activity-7-13-5047-6-2825-52-185-91-341-111
Cash from Financing Activity240350239-361-449894-165-9081,3311,9173,656
Net Cash Flow5-5191-23323166-280340-289910-284-597
Free Cash Flow-0-94-222-316678631-1,213488704-537-2,023-4,222
CFO/OP28%-109%-6,159%-100%364%378%-239%84%84%3%-73%-209%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days2183617127510119649045422131
Inventory Days
Days Payable
Cash Conversion Cycle2183617127510119649045422131
Working Capital Days122119-343-284127-380-235-569-474-525-497-592
ROCE %12%11%18%13%14%27%35%44%39%26%15%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters38.26%38.23%38.21%35.63%35.61%35.57%35.55%28.97%28.92%28.87%28.80%28.59%
FIIs16.82%19.11%17.27%15.36%12.27%13.81%13.05%14.66%13.11%12.45%12.81%13.76%
DIIs10.41%9.32%9.49%14.03%12.73%14.32%14.27%16.43%14.87%18.11%18.88%20.34%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%
Public34.52%33.33%35.02%34.99%39.39%36.28%37.12%39.93%43.11%40.57%39.52%37.30%
No. of Shareholders1,31,8761,55,1942,00,3552,70,5283,81,3463,55,5984,02,1933,25,9653,83,5813,27,9943,59,2353,56,468

Fundamentals

Market Cap₹ 25,014 Cr.
Current Price₹ 274
Stock P/E24.2
Book Value₹ 67.2
ROCE14.8 %
ROE15.6 %
Dividend Yield1.48 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)9%
Compounded Profit Growth (TTM)4%
Consolidated figures.
Valuation
Market capRs 25,213 Cr
Enterprise valueRs 16,604 Cr
P/E (TTM)24.43x
Price to book4.12x
Price to sales4.65x
EV / EBITDA8.12x
EV / EBIT8.67x
EV / sales3.06x
Earnings yield4.09%
Dividend yield8.94%
P/E, 3-year average8.90x
P/B, 3-year average1.53x
P/E, 5-year average5.97x
P/B, 5-year average1.17x
Profitability
Operating margin (excl. other income)35.42%
Operating margin (incl. other income)35.71%
EBITDA margin37.69%
Pre-tax margin26.39%
Net profit margin19.02%
Net margin, latest quarter16.19%
ROE15.59%
ROCE14.80%
ROA4.49%
ROE, 3-year average28.65%
ROCE, 3-year average26.44%
ROA, 3-year average7.71%
ROE, 5-year average35.90%
ROCE, 5-year average31.82%
ROA, 5-year average9.12%
Tax rate28.04%
Other income / net worth0.24%
Growth
Sales growth (latest year)-1.94%
Profit growth (latest year)-21.93%
Sales CAGR, 3 years19.61%
Sales CAGR, 5 years31.86%
Profit CAGR, 3 years0.93%
Profit CAGR, 5 years25.25%
Sales growth QoQ-2.04%
Profit growth QoQ-27.74%
Sales growth YoY (latest quarter)25.35%
Profit growth YoY (latest quarter)102.15%
Per share
EPS (TTM)Rs 11.33
EPS (latest year)Rs 10.05
EPS (latest quarter)Rs 2.54
EPS, 3-year averageRs 91.28
EPS, 5-year averageRs 91.18
Book value per shareRs 67.17
Sales per shareRs 59.57
Cash flow per shareRs -45.47
Free cash flow per shareRs -46.35
Dividend per share (latest year)Rs 24.75
Dividend per share, 3-year averageRs 35.80
Dividend per share, 5-year averageRs 34.87
Dividends
Dividend payout246.36%
Dividend payout, 3-year average103.07%
Dividend payout, 5-year average76.50%
Efficiency
Asset turnover0.21x
Fixed asset turnover10.17x
Debtor days31 days
Debtors turnover11.83x
Cash conversion cycle31 days
Working capital days-592 days
Leverage
Total debtRs 7,951 Cr
Cash and bankRs 16,560 Cr
Net debtRs -8,609 Cr
Debt to equity1.30x
Net debt / EBITDA-4.21x
Interest coverage3.96x
Owners' fund to total sources25.59%
Debt to assets33.26%
Cash flow
Cash from Operating Activity (latest year)Rs -4,142 Cr
Cash from Investing Activity (latest year)Rs -111 Cr
Cash from Financing Activity (latest year)Rs 3,656 Cr
Net Cash Flow (latest year)Rs -597 Cr
Free cash flow (latest year)Rs -4,222 Cr
FCFE (approx.: FCF + change in debt)Rs 316 Cr
Cash from ops / profit, 5 years-1.05x
Statement figures
Net sales (TTM)Rs 5,426 Cr
Net sales (latest year)Rs 5,138 Cr
Sales (latest quarter)Rs 1,430 Cr
Operating profit excl. other income (latest year)Rs 1,820 Cr
Operating profit (latest quarter)Rs 485 Cr
Other income (TTM)Rs 17 Cr
EBITDA (TTM)Rs 2,045 Cr
PBDT (TTM)Rs 1,562 Cr
Profit before tax (TTM)Rs 1,432 Cr
Tax (latest year)Rs 357 Cr
Net profit (TTM)Rs 1,032 Cr
Net profit (latest year)Rs 915 Cr
Net profit (latest quarter)Rs 231 Cr
Depreciation (TTM)Rs 130 Cr
Depreciation (latest quarter)Rs 35 Cr
Interest (TTM)Rs 483 Cr
Cost of goods sold (latest year)Rs 1,187 Cr
Total expenditure (latest year)Rs 3,318 Cr
Total income (latest year)Rs 5,152 Cr
Share capitalRs 91 Cr
ReservesRs 6,027 Cr
Shareholders' fundsRs 6,118 Cr
Total assetsRs 23,904 Cr
Net blockRs 505 Cr
Capital work in progressRs 10 Cr
InvestmentsRs 257 Cr
ReceivablesRs 434 Cr
Other liabilitiesRs 9,835 Cr
Shares outstanding (crore)91.09
Ownership
Promoter holding28.59% (-0.38 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 24.4 is at the 45th percentile of its own 6.1-year range (median 25.3, low 14.8, high 83.7).
P/B 4.12 is at the 10th percentile (median 7.24).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodANGELONENifty 50Difference
1 week-4.8%-2.8% -2.0 pts
1 month-1.7%-6.8% +5.1 pts
3 months-21.4%-7.6% -13.8 pts
6 months+21.7%+0.4% +21.2 pts
1 year+26.1%-9.9% +36.0 pts
2 years+5.8%-13.6% +19.3 pts
3 years+49.6%+14.2% +35.4 pts
5 years+92.3%+27.9% +64.4 pts
167 mutual fund schemes hold about ₹4,538 Cr. Over three months 94 bought more and 45 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Growth Mid Cap Fund0.80%416 -3%
Aditya Birla SL Flexi Cap Fund0.89%258 +2%
Franklin India Small Cap Fund1.63%241 +18%
Invesco India Smallcap Fund1.47%231 +85%
Bandhan Small Cap Fund0.62%214 -3%
HSBC Value Fund1.26%193 -27%
ICICI Pru Balanced Advantage Fund(M0.23%177 +6%
Canara Rob Small Cap Fund1.13%166 +100%
Nippon India ELSS Tax Saver Fund0.97%142 +12%
ICICI Pru Small Cap Fund1.21%119 +307%
ICICI Pru Small Cap Fund1.21%115 +307%
Nippon India Banking & Financial Services Fund1.42%112 +9%
ICICI Pru Banking & Fin Serv Fund0.91%103 +139%
ICICI Pru Banking & Fin Serv Fund0.91%102 +139%
Franklin India Mid Cap Fund0.78%102 +6%
ICICI Pru Technology Fund0.74%101 +1%
Kotak Small Cap Fund0.47%92 +5%
ICICI Pru Innovation Fund1.17%92 +204%
HSBC Small Cap Fund0.47%89 -32%
HDFC Banking & Financial Services Fund1.65%77 +8%
DSP Small Cap Fund0.34%74 +0%
DSP Multi Asset Allocation Fund0.57%62 +2%
Aditya Birla SL Value Fund0.90%62 -7%
Sundaram Small Cap Fund1.46%61 +3%
Sundaram Services Fund1.12%59 +4%

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -197% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 21% of total assets in 2026
explainDebt up, profit down Borrowings up 133% while net profit fell in 2026
lookRegulator order or action Regulator order or action 2026-06-15: Angel One Limited has informed the Exchange about Action(s) taken or orders passed
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2021-10-01Rahul ThakkarImmediate relativeother2,200,000Gift
2021-10-01Anuradha ThakkarImmediate relativeother2,100,000Gift
2021-10-01Lalit ThakkarPromoter Groupother4,300,000Gift
2021-09-30Deepak ThakkerPromoter Groupother300,000Rs 39.66 CrPledge Creation
2021-09-22ANSHU ANKIT JOSHIImmediate relativebuy500Rs 0.06 CrMarket Purchase
2021-08-27Juhi Agrawal-sell93Rs 0.01 CrMarket Sale
2021-08-25Vineet AgrawalKey Managerial Personnelother50,490Rs 5.41 CrPledge Creation
2021-08-25Anekal PrasadEmployees/Designated Employeother21,090Rs 2.26 CrPledge Creation
2021-08-20Juhi Agrawal-sell6,000Rs 0.72 CrMarket Sale
2021-08-18Juhi Agrawal-sell1,331Rs 0.16 CrMarket Sale
2021-08-18Juhi Agrawal-sell5,000Rs 0.60 CrMarket Sale
2021-08-17Bhavin B ParekhEmployees/Designated Employeother38,760Rs 0.82 CrESOP
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹1,430 Cr +25.3% vs Jun 2025. Net profit ₹231 Cr +102.6%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-21Interim Dividend - Re 1 Per Share
2026-03-27Interim Dividend - Rs 1.75 Per Share
2026-02-26Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share0.1000
2026-01-21Interim Dividend - Rs 23 Per Share
2025-05-30Dividend - Rs 26 Per Share
2025-03-20Interim Dividend - Rs 11 Per Share
2025-01-21Interim Dividend - Rs 11 Per Share
2024-01-23Interim Dividend - Rs 12.70 Per Share
2023-10-20Interim Dividend - Rs 12.70 Per Share
2023-07-21Interim Dividend - Rs 9.25 Per Share
2023-06-16Annual General Meeting/Dividend - Rs 4 Per Share
2023-03-31Interim Dividend - Rs 9.60 Per Share
2023-01-24Interim Dividend - Rs 9.60 Per Share
2022-10-20Interim Dividend - Rs 9 Per Share
2022-07-21Interim Dividend - Rs 7.65 Per Share
2022-04-08Interim Dividend - Rs 7 Per Share
2022-01-24Interim Dividend - Rs 7 Per Share
2021-10-27 Interim Dividend - Rs 5.70 Per Share
2021-07-23 Interim Dividend - Rs 5.15 Per Share
2021-06-21 Annual General Meeting
2021-04-29 Interim Dividend - Rs 7.50 Per Share
2020-11-02 Interim Dividend - Rs 4.15 Per Share
DateTypeWhat it says
2026-09-25ESOPAllotment of 558270 Shares.
2026-09-07Concall / analyst meetSchedule of meet
2026-09-07Concall / analyst meetSchedule of meet
2026-09-04Monthly updateMonthly Business Updates for the month of August 2026
2026-09-02ESOPGrant of 48210 (RSU)
2026-08-28AllotmentAllotment of 349058 securities pursuant to ESOP/ESPS at its meeting held on August 28, 2026
2026-08-07Concall / analyst meetSchedule of meet
2026-08-07Concall / analyst meetSchedule of meet
2026-08-05Monthly updateMonthly Business Updates for the month of July 2026
2026-07-31ESOPAllotment of 168488 Shares.
2026-07-21Concall / analyst meetTranscript
2026-07-16Concall / analyst meetLink of Recording
2026-07-16Disclosure under SEBI TakeovDinesh Thakkar has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Ac...
2026-07-15Investor PresentationInvestor Presentation
2026-07-15Investor PresentationInvestor Presentation
2026-07-15AppointmentAppointment of Ms Deloitte Haskins & Sells LLP as Other of the company w.e.f. April 01, 2027.
2026-07-15Press ReleaseA press release dated July 15, 2026, titled "Q1 FY27 Business Performance Highlights".
2026-07-15Record DateRecord date for the purpose of Dividend is 21-Jul-2026.
2026-07-15Board meeting outcomeAngel One Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-08Record DateRecord date for first interim dividend for FY 2026-27
2026-07-03Monthly updateMonthly Business Updates for the month of June 2026
2026-07-02ESOPGrant of 25166 Options.
2026-06-30ESOPAllotment of 169561 Shares.
2026-06-29Disclosure under SEBI TakeovDinesh Thakkar has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Ac...
2026-06-24Concall / analyst meetSchedule of meet
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.60
Max pain (expiry 2026-10-27)280
Largest call open interest at290
Largest put open interest at270
Implied volatility, at the money40.6%
Underlying at snapshot276.80
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-29550
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03